DAER ALL,
I WANT TO DO THE BELOW REQUIREMENT:-
Please note that if superannuation earnings in a financial year exceeds one lack, then the excess amount is Taxable.
For Example :-
If Basic Rs 60000.00pm X 12 =Rs:-720000.00
Supn Cont = 15% is Rs 108000.00
Taxable Earning will be (Rs 108000-100000)=8000.00
No Tax if contribution is below one lack.
Taxable amount should reflect on payslip.
AWAITING YOUR REPLY SOON.
THANKS
SANJUKTA
